$72.6 bn Eye Glasses and Contact Lenses Market - Global Outlook and Forecast 2018-2023 - ResearchAndMarkets.com

The "Eye Glasses and Contact Lenses Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global eye glasses and contact lenses market is expected to generate revenue of $72.60 billion by 2023, growing at a CAGR of 3.6% during the forecast period.

The growing preference for disposability and the shrinking usage cycles of vision care products can be attributed to the growth of the global eye glasses and contact lenses market. The market is witnessing a growing inclination toward daily or weekly disposables contact lenses, which, is creating a demand for these products in the global market.

The rapid improvement in the performance and attributes of frames and glasses in terms of weight, strength, and durability is encouraging end-users to replace eyeglasses sooner. Emerging fashion trends and attractive price points and buyback schemes are some of the factors attributing to the reduced lifecycle of various eye glasses and contact lenses that are available in the global market. Moreover, the ease of cleanup and reduced risks of contracting infections is propelling the demand for daily disposables in the global eye glasses and contact lenses market.

The vision care market by product type is segmented into eyeglasses, contact lenses, intraocular lenses, and others. The eyeglasses segment dominated the vision care market accounting for close to 76% of total market share in 2016 and is expected to reach $53.96 billion during the forecast period. The different types of eyeglasses available in the global vision care products market are single vision, bifocal eyeglasses, and progressive eyeglasses.

The progressive eyeglasses were the largest product segment and captured more than 60% of the total eyeglasses market share in 2017. The additional benefits associated with eyeglasses such as UV protection, anti-glare, moisture resistance, and dust protection are propelling the growth of the eyeglasses segment in the global eye glasses and contact lenses market. Moreover, the introduction of the innovative lens with varied weight, thickness, and durability will fuel the growth of the global eye glasses and contact lenses market during the forecast period.

The major vendors in the global market are:

• Cooper Vision
• Essilor International SA
• Novartis AG
• Luxottica Group S.p.A
• Johnson & Johnson

Other prominent vendors include:

• Seiko Optical Products Co. Ltd.
• Bausch & Lomb
• Hoya Corp
• Menicon Co. Ltd
• Rodenstock GmbH
• SynergEyes
• CARL ZEISS AG
• Fielmann AG

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

8 Overview of Common Visual Impairment Disorders

9 Market Dynamics

10 Value Chain Analysis

11 Global Vision Care Market

12 Vision Care Market- By Product Type

13 Eye Glasses Market

14 Contact Lens Market

15 Intraocular Lens

16 Other Vision Care Products

17 Vision Care Market - By Distribution Channel

18 Vision Care Market - BY Geography

19 North America: Vision Care Market

20 Europe: Vision Care Market

21 APAC: Vision Care Market

22 Latin America: Vision Care Market

23 MEA: Vision care Market

24 Competitive Landscape

25 Key Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/jxznv3/72_6_bn_eye?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180216005261/en/